Due to the Thanksgiving calendar shift, the U.S. hotel industry reported lower year-over-year performance comparisons, according to CoStar’s latest data through 30 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
24-30 November 2024 (percentage change from comparable week in 2023):
- Occupancy: 50.0% (-7.7%)
- Average daily rate (ADR): US$141.09 (-3.0%)
- Revenue per available room (RevPAR): US$70.59 (-10.5%)
Among the Top 25 Markets, Tampa reported the largest year-over-year increases in occupancy (+13.2% to 69.0%) and RevPAR (+22.6% to US$106.16).
Oahu
posted the highest ADR lift (+12.8% to US$286.39).
Overall, 19 of the Top 25 Markets reported a decline in RevPAR, with Las Vegas registering the steepest drop (-56.0% to US$86.03).
For more information about the company and its products and services, please visit www.costargroup.com.
